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This entry was published on 2014-09-22
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Statements of account; receipts
Personal Property (PEP) CHAPTER 41, ARTICLE 10
§ 407. Statements of account; receipts. At any time after its
execution, but not later than one year after the last payment
thereunder, the holder of a contract or obligation shall, upon written
request of the buyer, give or forward to the buyer a written statement
of the dates and amounts of payments and the total amount, if any,
unpaid thereunder. Such a statement shall be supplied by the holder once
each year without charge; if any additional statement is requested by
the buyer, the holder shall supply such statement to the buyer at a
charge not exceeding one dollar for each additional statement supplied
to the buyer. A buyer shall be given a receipt for any payment when made
in cash.